Question: Hi! With explanations and full solution please, I really want to learn this but I am having a hard time understanding. Topic: Simple and General

Hi! With explanations and full solution please, I really want to learn this but I am having a hard time understanding.

Topic: Simple and General Annuities

ACTIVITY 1

Find situation involving annuities in your community.

Go to an appliance store and ask how much a certain appliance cost if it is (a) paid in full or (b) paid by instalment. Determine the interest rate and the interest rate per payment.

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